NW_LS410
Des Moines, IA     Mon, Jan 21, 2019     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $195.72             $188.98
 Change =>                       0.92                0.84
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Current Index Reflects the Equivalent of 101,901 head of cattle.
SUPPLY (Live)  54,444 Hd
Equivalent:                   $188.18             $179.11
DEMAND (Box)   47,457 Hd*
Equivalent:                   $203.26             $198.86
Live-Box Spread:             ($15.08)            ($19.75)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $215.26
                  Weight   Price     Head      : Se 600-900#          $210.86
  Live Steer:          1469   $123.93    25,050: Current Lds:            94.4
  Live Heifer:         1319   $123.75    12,103: Previous Lds:           96.1
  Drsd Steer:           927   $196.90    12,029
  Drsd Heifer:          843   $197.04     5,262
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      Grading % Breakdown            :         Drop Credit      :        8.95
 Ch 600-900# :                 85.56%:         Steer Dressing % :      63.02%
 Ch 600-750# :                 35.46%:         Heifer Dressing %:      63.01%
 Ch 750-900# :                 50.10%:         Processing Cost  :       12.00
 Se 600-900# :                 14.44%:         Slaughter Cost   :       50.50
 Se 600-750# :                  3.73%:
 Se 750-900# :                 10.71%:
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 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 195.72                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -30.71    -15.97               -4.50    -23.67
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 Prime 1-3            12.93   $177.94   $192.68   $208.65   $204.15   $184.98
 Certified 1-3         5.28   $170.29   $185.03   $201.00   $196.50   $177.33
 Choice 1              3.86   $168.87   $183.61   $199.58   $195.08   $175.91
 Select 1             -4.59   $160.42   $175.16   $191.13   $186.63   $167.46
 Stndrd 1-3          -27.36   $137.65   $152.39   $168.36   $163.86   $144.69
 Prime 4              -0.50   $164.51   $179.25   $195.22   $190.72   $171.55
 Choice 4            -11.93   $153.08   $167.82   $183.79   $179.29   $160.12
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*Reflects total boxed beef load count from past 5 days
multiplied by 75, the average head per boxed beef load.
(1) differentials based upon current premiums and discounts.
Note: Index reflects simple average of live and box equivalents.

Source: USDA Market News Service, Des Moines, IA
        Bryant Smith  515-284-4460  Desm.LPGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS410.txt
        www.ams.usda.gov/LPSMarketNewsPage